Every read JAFX AI made on the XAU/USD 1-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
19:35 UTC
Downtrend, momentum easing · RSI 44 · price 4,155.54
Lower highs, consolidating post-flush.
Gold has trended lower all week after Wednesday's hawkish FOMC dot-plot lifted the Dollar to YTD highs, collapsing XAU from the 4382 high through the 4219 support cluster. Price swept the 4121 low and has since stabilised, chopping between 4142 and 4182 with RSI(14) recovering off the low into the mid-40s. The descending sequence of lower highs remains intact and rallies have stalled below 4200.
Support: 4,121.74, 4,142.00
Resistance: 4,182.98, 4,200.00, 4,219.00
What it said to watch
- Close above 4182.98 challenges the lower-high sequence
- Break below 4121.74 opens a deeper flush
- S&P Global PMIs (Tue 13:45 UTC) could materially shift the read
19:35 UTC
Downtrend, momentum stalling · RSI 43 · price 4,155.54
Lower highs/lows, consolidating off week low.
Gold opened the week near 4348 and tagged 4382 before the hawkish FOMC dot-plot and a USD push to YTD highs collapsed price ~$260 into a 4121 week low. Trade has since consolidated 4125–4182 below EMA20 and EMA50, with rallies repeatedly capped near 4182 and RSI(14) recovering off oversold but staying sub-50. Structure remains a stair-step of lower highs since Wednesday's FOMC shock.
Support: 4,121.74, 4,100.00
Resistance: 4,182.98, 4,219.00
What it said to watch
- H1 close above 4182.98 would break the run of lower highs and open 4219
- Failure to hold 4121.74 week low opens a deeper flush toward 4100
- S&P Global PMIs Tue 13:45 UTC could materially shift this read